Defi Kings announce plans to develop online gaming platform

Earlier this week, Defi Kings announced plans to develop an online gaming platform. The project confirmed that the upcoming forum would be released sometime in Q4 2022 and incorporate 3D NFTs. A free-to-play title, "NFT Boxing Kings" is set to be the first game made available upon launch, and others will follow in the coming months. On the platform, Defi Kings explained that creating earning opportunities for users was heavily considered, and players may own an NFT character for playing the game. Aside from this, they also plan to release unique and exclusive NFTs, among others, via add-ons to reel in users "at a rapid pace". "People love a good competition, and nearly 3 billion of them worldwide love gaming. By creating these opportunities built directly into the platform, we expect to onboard users at a rapid pace," Defi Kings co-owner Chris Hughes said. Defi Kings' upcoming online gaming platform Preparing for its upcoming online gaming platform launch, Hughes said the team was aware of the online gaming industry, which is worth over $60 billion. He added that Defi Kings was keen to tap into the industry by engaging with games as well as users via the upcoming platform. "Online gaming is a fast-growing industry exceeding $60 billion per year, with some projecting it to be as high as $130 billion by 2030. We will tap into that opportunity by creating engaging games and bringing people together from all over the world," he said. He added that Defi Kings would value its users, especially those who contribute to the platform. "Revenue will be generated by offering custom 3D NFT characters that players can incorporate into the games, in-app add-ons, and ad space. As with all our products and services, the profits will be shared with our DFK token holders that stake in our King's Ransom staking platform," he continued. Aside from individuals, the platform may also profit organizations and communities that "incorporate their communities into" the gaming platform. The Shiba Inu community, for example, is the first crypto community that Defi Kings has approached. "As far as communities to reach, the Shiba Inu token community will be the first we target our marketing to," said Hughes. "They have one of the largest and most engaged communities I've ever seen in the crypto space, and I believe they will jump on the chance to come in and try to have their Shiba Inu beat our King. Who knows, Dogecoin has an amazing community as well. We may just have to try and bring them in with the Shiba Inu crowd and see what happens there." Another way for Defi Kings to engage with users is by providing players with in-game content releases. The project plans to roll in tournaments where players will be awarded based on the number of games won. Players also will be given a decent amount of freedom on the platform. Other than owning a 3D character NFT, players may customize their online avatar "via in-app purchase options or from rewards earned in the games". There is not much information available regarding Defi Kings' upcoming online gaming platform, but the project said it has partnered with some of the gaming industry heavy hitters to help with future development.

The World of Gaming online

Take a closer look at online gaming with our guide to this global phenomenon

Gaming online has seen a massive increase in popularity over the last few years, largely down to the way that mobile phone technology has developed. The numbers of people who play online games has risen massively. Almost everyone you know, including people over the age of 40 who are not necessarily the first people who spring to mind when you mention online computer games, will have played some form of online game in the last few weeks.
This has been partly due to social media, of course, which provides accessible platforms where almost anyone can find games to play that suit their lifestyle and interests. Sports games have become very popular, while we have all heard about games like Candy Crush.
Other types of online computer games remain very popular with younger people who like to play online games. Massive multi-player online games, often referred to as ‘MMOs’, remain hugely popular. World of Warcraft, for example, has become a cultural phenomenon that extends far beyond people’s computer screens or gaming mobile phones and has spawned books, a movie and other cultural products.
Here, we will take a closer look at the world of gaming online and at some of the gaming trends associated with it.

What is gaming online and how do you get started?

Even if you have no interest at all in the digital world or technology, the chances are pretty high that you will have heard of online gaming. It is, of course the act of playing games on the internet. There is tremendous variety in the number and types of games that you can play online nowadays, though. From retro arcade games, to intellectual puzzles, to role playing games, to traditional board games like Scrabble, you really can play almost anything you want online these days.
According to Juniper Research’s published white paper, the numbers of people who now play online games regularly is huge. The Newzoo 2018 Global Games Market Forecast stated that mobile gaming  and mobile games has been raising online casino revenue. The proportion rose from 18% in 2012 to 51% by 2018. The Newzoo report also predicted that this trend will continue, and it expected gaming online to contribute up to 59% by 2021.
There are also significant geographical trends in the world of online gaming. In November 2018, China made up almost 28% of global mobile gaming revenue, according to tech website iWeb. Japan is another country which makes a massive contribution to the wealth generated by gaming online. A big role in this is played by the way that gamers in Asia have moved away from their computer screens in recent years and started to use gaming mobile phones.

Online gaming and esports betting

It is possible now to pick up skins during online gaming which can be used to bet on esports. Skins are items that improve the cosmetic appearance of your character in some online games. They do not usually have any effect on the actual gaming performance of the character. They are a particular feature of games like Counter Strike: Global Offensive and Defense of the Ancients 2.
Gamers soon found another use for these skins as competitive esports grew in popularity over the last decade. As esports became more popular, increasing numbers of people wanted to bet on the matches and events for games like CS:GO, Dota2 and the International tournament.
While the betting companies were lagging behind demand, many gamers started betting using the skins that they had collected from their own gaming activities. This allowed gamers to use their skins as a kind of cryptocurrency for betting.
It is also possible to sell skins for real money, something that means successful esports skins bettors can actually make some genuine profit from their betting. It will be interesting to see how the concept of skin betting develops in the online computer games world in the years to come.


While we have not been able to cover the entire vast breadth of the topic of gaming online in this article, you now have a snapshot picture of this vast phenomenon. As 5G technology develops and becomes more widespread, we are sure to see more new and exciting developments in the world of online gaming. More powerful, faster gaming mobile phones are sure to arrive on the market too.
As the number of games to play increases new gaming trends are sure to emerge in the years to come, especially with the advent of 5G. Concepts such as virtual reality are sure to have an impact too, especially on the world of esports and esports betting. It is an interesting time to be alive for all fans of online gaming across the world!


  • testcollage.png

    Ookeenga to launch NFT Collection on July 5

    Ookeenga, a blockchain real-time strategy 3D battle card game developed by CROS Gamestudio, has confirmed that it has passed the rigorous procedure to become an official project on Binance NFT and is now planning to launch its Genesis Heroes collection, a collection of numerous one-of-a-kind heroes with varying abilities, on July 5, 2022, Genesis Heroes are a type of NFT that players in Ookeenga can collect, granting them true [...]

  • 0.jpg

    Soba raises $13.5 million to develop no-code game development platform

    Web3 platform Soba has recently announced that it has raised $13.5 million from a funding round led by several industry backers, such as Lightspeed Venture Partners, FTX Ventures, Cherry Ventures, Point Nine Capital, and TQ Ventures. Aside from the funding round success, Soba also announced that the platform is launching its first out of four development phases. The first phase is Soba's Alpha launch, where the platform is now [...]

  • 0.jpg

    Axie Infinity returns after $625 million cyberattack

    The cryptocurrency pay-to-win game Axie Infinity has reopened following a devastating $625 million cyberattack. The game will continue to employ the Ronin network, which was revived following one internal audit and two external audits by blockchain security firms Verichains and Certik. Sky Mavis, the development company team behind Axie Infinity and the Ronin blockchain that powers the game, has announced that players can now [...]

  • 0.jpg

    Project Twelve raises $8 million to accelerate Web3 gaming development

    Web3 gaming platform and game creator ecosystem, Project Twelve (P12), announced $8 million of funding raised backed by some of the big names in the industry, such as the likes of MetaApp, Project Galaxy, Primavera Ventures, CyberConnect, CCV, InfinityLeague, Smrti Lab, and many more. The fund raised will be used to accelerate the project's development of its Web3 gaming platform. Both Web3 and gaming have always been the focu [...]

  • 0.jpg

    RLTY announces funding round success, raising over $4 million

    Next-gen metaverse event company RLTY announced that the company had raised over $4 million of funding. According to the RLTY, the raised funds will be used for building tools and future endeavors to offer customized solutions for brands keen to host events in the metaverse. RLTY has captivated the attention of the industry's big names, some of which even participated in the funding round, such as Sorare's founders, The Sandbo [...]

  • 0.jpg

    Ring Games raises $5 million in funding for debut P2E game Stella Fantasy

    Blockchain gaming makes use of a decentralized, shared information network to create games that include items, currency, and in-game collectibles on the same blockchain, giving players a variety of advantages. As a result, what distinguishes a blockchain game from World of Warcraft, Fortnite or Call of Duty is how it incorporates various aspects of blockchain technology, such as cryptocurrency and NFTs, to enhance the gaming e [...]

  • testcollage.png

    Loco debuts Legends, India’s first NFT platform for esports

    Loco, India's fastest-growing live game streaming and esports provider, has introduced "Legends", the country's first non-fungible esports token platform. On the platform, users will be able to own and trade collectible assets, allowing them to grow their fanbases and enjoy the excitement of esports explorers. Legend, in collaboration with Loco, lays the groundwork for game developers to decentralize in order to commit to the [...]

  • testcollage.png

    How to avoid scams when buying NFTs

    The year 2022 has been a rough year for both NFTs and cryptocurrencies. From scams and concerning decline in trading volume, among others, both markets have shown little to zero signs of recovery, at least in the near future. If any malicious aspect stays well with NFTs following its short boom last year, that would be the market's massive vulnerability to scams. The good news is that there are ways to better navigate the mark [...]

  • 0.jpg

    SIMBA Chain releases new NFT marketplace SIMBA Market

    Cloud-based and blockchain business solutions provider SIMBA Chain has announced the launch of its NFT marketplace, SIMBA Market. Launched on June 23, SIMBA’s new marketplace was made specifically for gaming, sporting, and entertainment organizations. Reportedly, the marketplace will be releasing select collections from curated brands. So far, SIMBA Market has been focusing mainly on sporting names, including Utah snowboard ma [...]

  • 0.jpg

    Meta targets one billion users in metaverse by 2030, Mark Zuckerberg says

    Mark Zuckerberg has said that Meta is aiming to attract at least one billion users into the metaverse by 2030. The Meta co-founder and CEO made the comment in an interview with Jim Cramer on the CNBC’s Mad Money on Wednesday. In the first quarter of 2022, the company recorded 3.64 billion monthly active users throughout its apps and platforms. Earlier in the fourth quarter of 2021, the social media giant invested $10 billion i [...]